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Eurogroup to approve release of bond profits but bid to repurpose funds falls flat
EconomyProgrammeand SMP profits to be recorded as revenues in the budget, allowing Athens to create more fiscal space... of using the SMP and ANFA profits to replace budget financing appears to have met with the opposition
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Primary cash balance surplus at 6.31 bln in November
EconomyMacroeconomy. The Public Investment Budget (PIB) balance came to a deficit of 243 million euros, improving by 130... euros. The preliminary Ministry of Finance (MoF) figures for November showed that the budget primary
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Mitsotakis pledges more tax cuts in 2020 amid police violence claims
PoliticsGreek PoliticsWednesday night’s vote on the 2020 budget, which saw the economic plan approved by just the 158 New Democracy MPs, was dominated by Prime Minister Kyriakos Mitsotakis announcing further tax cuts... leader Alexis Tsipras raised the issue during the parliamentary debate on the 2020 budget on Wednesday
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Pension bill to be unveiled as govt prepared for fifth post-MoU review
PoliticsGreek Politics). The aim is to conclude negotiations by the autumn in time for the 2021 budget. Kathimerini reported... an official request to the institutions to be allowed to transfer any excess budget surplus
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Athens steps up drive for fiscal space as fifth post-MoU review continues
EconomyProgrammemechanism that would allow the transfer of unused surpluses from one year’s budget to the next.... The government is searching for over 2 billion euros of fiscal space in the 2021 budget and at least
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Primary cash balance surplus at 5.56 bln in December
EconomyMacroeconomyBudget (PIB) balance came to a deficit of 1.62 billion euros, improving by 1.35 billion euros... for December showed that the budget primary surplus came to 4.96 billion euros across the twelve
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Lenders set out key review issues as Athens tables proposals for fiscal space
EconomyProgrammeAuthority of Public Revenues (IAPR) and the public investment budget. It is reported... for over 2 billion euros of fiscal space in the 2021 budget and at least 400-500 million euros
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PBO sees encouraging signs for economic and fiscal outlook
EconomyMacroeconomyThe Parliamentary Budget Office (PBO) struck a rather positive note in its latest quarterly report as several fiscal and macro fronts are moving in the right direction. The report highlights... “particularly encouraging,” reflecting the fiscal robustness of the Greek economy with the budget hitting
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General govt primary cash surplus at 899 mln in January, arrears rise by 38 mln
EconomyMacroeconomy, the state budget primary balance showed a fall of 486 million euros, landing at 494 million euros... million) and state budget (-5 million). Tax refunds account for the lion’s share of arrears at 30.1
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Govt extends 800-euro bonus, heralds loan payment holiday for individuals as well as firms
Economylatest public address on Thursday that the government would add another 3 billion euros from the budget... revised. Staikouras said that a supplementary budget for 2020 would be drafted, with the Finance
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